Toronto Housing Market Sharply Reverses | Most homes don’t sell for top dollar by accident.

We’re seeing a dramatic shift in Toronto’s housing market: inflation-adjusted home prices have dropped by nearly 10% year-over-year, marking the most significant reset among major global cities. Benchmark values are following suit—Toronto’s composite home-price measure is down about 5% annually (seasonally adjusted), bringing the average to around $931,000. While central condo affordability looks better at first glance, once you factor in mortgage interest, maintenance, taxes, and the risk premium, it’s still considerably more expensive than renting. For those of us navigating this market, there’s a critical window right now: prices have softened, but if demand rebounds before supply catches up, things could tighten quickly. The reality is, to bring affordability back to 2019 levels, Toronto needs to increase annual housing starts by at least 50% over the next decade—a clear sign of the supply challenge ahead. Having spent over two decades guiding clients through both surges and resets, I know how important it is to combine strategic pricing with a hands-on, results-driven approach in moments like these.